Sadly, almost 70% of insureds have remained with the same car insurance company for at least four years, and virtually 40% of consumers have never compared rates to find lower-cost insurance. With the average car insurance premium being $2,130, Kentucky drivers could pocket nearly 30% a year just by shopping around, but they underestimate the amount of savings they would get if they switched to a more affordable policy.
Truthfully, the best way to get budget Subaru Tribeca insurance is to do a yearly price comparison from insurance carriers in Lexington.
First, spend some time learning about the coverage provided by your policy and the changes you can make to keep rates in check. Many things that are responsible for high rates such as traffic violations and a not-so-good credit history can be controlled by making minor driving habit or lifestyle changes.
Second, get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from a single company like GEICO or State Farm, while independent agencies can give you price quotes for many different companies.
Third, compare the quotes to the price on your current policy to see if cheaper Tribeca coverage is available. If you find better rates and make a switch, ensure there is no coverage lapse between policies.
Fourth, give notification to your agent or company of your intention to cancel your existing policy and submit the signed application along with the required initial payment to the newly selected company. As soon as you can, keep your new proof of insurance paperwork with your registration paperwork.
One key aspect when comparing rates is to compare identical coverage information on every quote and and to get price estimates from as many companies as feasibly possible. This guarantees the most accurate price comparison and the best rate selection.
How do Insurers Determine Subaru Tribeca Insurance Rates?
Lots of things are part of the calculation when premium rates are determined. Some are obvious such as your driving record, although others are less apparent such as your marital status or your financial responsibility.
Filing claims can cost you more – If you frequently file small claims, you can expect either policy cancellation or increased premiums. Auto insurance companies in Kentucky generally give lower rates to insureds who do not rely on their insurance for small claims. Your car insurance is intended to be relied upon for larger claims.
Extra policy coverages can add up – Insurance policies have a lot of additional coverages that you can buy but may not be useful. Coverages like vanishing deductibles, accident forgiveness, and additional equipment coverage are probably not needed. You may think they are a good idea when deciding what coverages you need, but now you might not need them so remove them and pocket the money.
Safeguard your assets with liability insurance – A critical coverage on your policy, liability insurance will protect you if ever you are determined to be liable for causing damage or personal injury in an accident. It will provide for a legal defense up to the limits shown on your policy. It is affordable coverage compared to other policy coverages, so do not cut corners here.
Guys pay more for car insurance – The statistics show that women are safer drivers than men. Now that doesn’t mean females are better at driving than males. Women and men tend to get into auto accidents at about the same rate, but males tend to have more serious accidents. Not only are claims higher, but men receive more costly citations such as reckless driving.
The illustration below shows the difference between Subaru Tribeca annual premium costs for male and female drivers. The costs are based on a clean driving record, no claims, comp and collision included, $500 deductibles, marital status is single, and no discounts are factored in.
Where you live factors in – Residing in areas with lower population has definite advantages when talking about auto insurance. People who live in big cities have to deal with congested traffic and longer commute times. Fewer people means a lower chance of having an accident and a lower car theft rate.
Auto insurance rates and your occupation – Careers like military personnel, air traffic controllers, and emergency personnel have higher premiums than the average policyholder attributed to intense work-related stress and extremely grueling work hours. On the other hand, occupations such as scientists, students and performers pay lower than average rates.
Premiums are lower the older you get – More experienced drivers are viewed as being more responsible, cause fewer claims and accidents, and are safer drivers. Inexperience drivers are statistically proven to be careless and easily distracted with other occupants in the car and because of this, their auto insurance rates are much higher.
The following chart uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.
The quickest method we recommend to compare rates for Subaru Tribeca insurance in Lexington utilizes the fact most of the bigger providers allow for online access to compare their rates. All consumers are required to do is provide details such as marital status, if you have an active license, if it has an alarm system, and whether your vehicle is owned or leased. That rating information is instantly submitted to all major companies and you should receive rate quotes within a short period of time.
To get price quotes for your Subaru Tribeca now, click here and enter the information requested.
The providers in the list below have been selected to offer free rate quotes in Lexington, KY. In order to find the best cheap auto insurance in Lexington, it’s a good idea that you visit as many as you can to get the best price comparison.
Auto insurance statistics and figures
The coverage table shown next covers estimates of insurance policy prices for Subaru Tribeca models. Having insight into how rate quotes are formulated can assist in making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tribeca 3.6R Limited | $272 | $586 | $368 | $22 | $110 | $1,358 | $113 |
| Tribeca 3.6R Premium | $272 | $586 | $368 | $22 | $110 | $1,358 | $113 |
| Tribeca 3.6R Touring | $304 | $586 | $368 | $22 | $110 | $1,390 | $116 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in specific garaging location which can alter auto insurance rates greatly.
The example below shows how choosing a deductible and can impact Subaru Tribeca premium costs for each different age group. The data assumes a married female driver, full physical damage coverage, and no discounts are taken into consideration.
Rate difference between full and liability-only coverage
The chart below compares Subaru Tribeca premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes a clean driving record, no claims, $100 deductibles, single marital status, and no discounts are taken into consideration.
When to stop paying for full coverage
There is no definitive rule of when to stop paying for physical damage insurance, but there is a general convention. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your Subaru Tribeca settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $5,000 after the deductible is paid. If you are paying in excess of $500 a year for physical damage coverage, then it could be time to drop full coverage.
There are some conditions where only buying liability is not a good idea. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not drop full coverage.
Why you need quality insurance for your Subaru vehicle
Despite the fact that car insurance is not cheap in Lexington, maintaining insurance is required in Kentucky but it also protects you in many ways.
- Just about all states have minimum liability requirements which means you are required to carry specific minimum amounts of liability in order to drive the car. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Subaru Tribeca, it’s guaranteed your bank will have a requirement that you buy full coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the bank will be required to insure your Subaru at a much higher rate and force you to pay a much higher amount than you were paying before.
- Car insurance preserves both your assets and your car. It will also cover all forms of medical expenses for not only you but also any passengers injured in an accident. Liability insurance also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to repair the damage.
The benefits of insuring your car are definitely more than the cost, particularly if you ever have a claim. Despite what companies tell you, the average driver overpays as much as $810 a year so compare rate quotes at least once a year to help ensure money is not being wasted.
Verify you’re receiving every discount
Auto insurance companies don’t list the complete list of policy discounts very clearly, so we break down a few of the more common and the harder-to-find discounts that you can inquire about if you buy Lexington auto insurance online. If you do not check that you are getting every discount you deserve, you could be getting lower rates.
- Anti-lock Brake System – Cars, trucks, and SUVs equipped with ABS or steering control can avoid accidents and earn discounts up to 10%.
- Discounts for Cautious Drivers – Insureds without accidents could pay up to 40% less than less cautious drivers.
- Bundled Policy Discount – When you combine your auto and homeowners insurance and place coverage with the same company you will save 10% to 20% off each policy.
- Include Life Insurance and Save – Larger companies have a discounted price on car insurance if you buy some life insurance too.
- Own a Home – Owning a house in Lexington may trigger a policy discount on insurance since home ownership is proof that your finances are in order.
Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the entire cost. A few only apply to the cost of specific coverages such as comprehensive or collision. So even though it sounds like you can get free auto insurance, you won’t be that lucky.
The chart below shows the comparison of Subaru Tribeca premium costs with and without policy discounts. The information is based on a male driver, a clean driving record, no claims, Kentucky state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, claim-free, multi-car, and homeowner discounts applied.
Some of the larger companies who may offer some of the discounts shown above may include but are not limited to:
It’s a good idea to ask each insurance company which discounts they offer. Some discounts listed above may not apply to policyholders in Lexington.
Buying from auto insurance agents
A small number of people would rather have an agent’s advice and doing that can be a smart decision One of the great benefits of getting free rate quotes online is the fact that drivers can get the best rates but still work with a licensed agent.
For easy comparison, once you complete this short form, your information is emailed to local insurance agents in Lexington that give free quotes to get your business. It’s much easier because you don’t need to contact any insurance agencies because prices are sent to your email. You can get cheaper insurance rates without requiring a lot of work. If you wish to compare prices from a specific company, you would need to go to their quote page to submit a rate quote request.
Deciding on a provider should depend on more than just the premium amount. These are some questions you should get answers to.
- Will high miles depreciate repair valuations?
- Are there any discounts that you might be missing?
- Do they regularly work with personal auto policies in Lexington?
- Does the company have a local claim office in Lexington?
- Are they able to provide referrals?
- Are they full-time agents?
When looking for a good Lexington insurance agent, you must know there are a couple different types of agents and how they can quote your rates. Lexington agents are considered either exclusive agents or independent agents.
Exclusive Insurance Agents
Agents of this type normally can only provide a single company’s rates like Farmers Insurance, State Farm, or Allstate. They are unable to place coverage with different providers so it’s a take it or leave it situation. Exclusive agencies are well schooled in insurance sales which aids in selling service over price.
Listed below are exclusive insurance agencies in Lexington who can help you get price quotes.
Russ Tucker – State Farm Insurance Agent
1206 N Broadway – Lexington, KY 40505 – (859) 259-0404 – View Map
Howard Shelton State Farm
2614 Richmond Road – Lexington, KY 40509 – (859) 266-6640 – View Map
State Farm: Bethany Hicks
1050 Chinoe Rd #100 – Lexington, KY 40502 – (859) 264-0246 – View Map
Independent Agencies or Brokers
Independent insurance agents are not employed by one company and that gives them the ability to insure amongst many companies and find the cheapest insurance rates. If your premiums go up, they simply move your policy to a different company and that require little work on your part.
If you need cheaper insurance rates, we recommend you get rate quotes from independent agents in order to have the best price comparison.
Listed below is a short list of independent insurance agents in Lexington who can help you get price quote information.
Kelly Wooten Insurance Agency
2331 Fortune Dr #175 – Lexington, KY 40509 – (859) 278-3487 – View Map
Heritage Insurance Agency
3306 Clays Mill Rd #106 – Lexington, KY 40503 – (859) 219-1122 – View Map
Ky Insurance and Investment
1801 Alexandria Dr – Lexington, KY 40504 – (859) 373-1282 – View Map
Final considerations
We just presented many ways to shop for Subaru Tribeca insurance online. The key concept to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the best price on auto insurance is with a lesser-known regional company. Some small companies may have significantly lower prices on certain market segments compared to the large companies like Allstate or State Farm.
There are still a few companies who don’t offer online rate quotes and these smaller providers work with independent insurance agencies. More affordable auto insurance in Lexington is definitely available on the web as well as from independent agents in Lexington, so compare prices from both in order to have the best price selection to choose from.
More information can be found at the links below
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Who Has Affordable Lexington Car Insurance Quotes for a Mazda CX-7? (FAQ)
- Who Has the Cheapest Lexington Car Insurance Rates for Retired Military? (FAQ)
- Who Has Affordable Lexington Car Insurance Quotes for College Students? (FAQ)
- Who Has Cheap Auto Insurance for Low Credit Scores in Lexington? (FAQ)
- Who Has the Cheapest Lexington Auto Insurance for a Dodge Grand Caravan? (FAQ)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Choosing an Insurance Company (Insurance Information Institute)
- Information for Teen Drivers (GEICO)
- Cellphones, Texting and Driving (iihs.org)